Tag: Chrysler

“However, we do not believe that this particular defect is indicative of a broader problem with a particular catalyst supplier or general catalyst design …

(Bloomberg) — Fiat Chrysler Automobiles NV recalled almost 863,000 vehicles that violate U.S. emissions standards, another setback for a company that just agreed in a separate case to make amends for building trucks and SUVs that polluted more than legally allowed.

The voluntary recall of 2011 through 2016 model year Jeep, Dodge and Chrysler brand vehicles will be implemented in phases throughout the year, the U.S. Environmental Protection Agency said Wednesday. The automaker won’t be fined or face allegations of wrongdoing. The cost of the callback was accounted for last year, according to the company.

The recall of gasoline-powered models was prompted by a so-called in-use investigation by EPA as well as testing done by Fiat Chrysler as required by agency rules, the agency said. The EPA routinely tests the emissions of vehicles driven by consumers to ensure that tailpipe emissions remain within legal limits over time.

“EPA will continue to investigate other FCA vehicles which are potentially non-compliant and may become the subject of future recalls,” it said in its statement. Fiat Chrysler shares fell as much as 2.1 percent and closed down 0.9 percent to $14.36 in New York trading.

The Fix

Fiat Chrysler will replace the catalytic converter and update the emissions-calibration software on affected vehicles, and the changes won’t affect fuel economy or performance, said Mark Chernoby, the company’s chief technical compliance officer. He declined to comment on whether any other models were under EPA review. The company’s internal tests showed the excess emissions, and it decided to recall the vehicles last year, he said.

The California Air Resources Board also was part of the investigation that led to the recall, and roughly 50,000 affected vehicles are in the state, according to the state’s clean-regulator. In California, drivers must complete the recall repairs in order to register their vehicle, the agency said in a statement.

Emissions recalls occur less frequently than safety-related callbacks. Manufacturers conducted 85 emissions recalls covering more than 5.3 million vehicles in 2017, according to the EPA. By contrast, automakers issue hundreds of safety-related recalls annually.

Rarer Recall Type

Emissions recalls are less common in part because catalytic converters have become more durable since the devices first appeared decades ago to lower tailpipe pollution, said John German, an independent auto industry consultant and emissions expert. “It used to be routine,” he said, “but these kinds of emissions recalls are becoming more rare.”

The EPA said the failure targeted by this Fiat Chrysler recall involved the interaction of a number of systems, including the catalyst design itself, as well as engine control system calibration, sulfur in gasoline and other factors. The problem involved performance declines over time and the Fiat Chrysler vehicles were compliant at the time of certification, said agency spokeswoman Molly Block.

“Given the complexity of modern vehicles and the wide range of product offerings in the market, we expect to continue to see some number of catalyst recalls,” Block said. “However, we do not believe that this particular defect is indicative of a broader problem with a particular catalyst supplier or general catalyst design approach.”

The EPA is seeking to give consumers more notice of emissions recalls, with public announcements ahead of formal letters sent to car owners. Block said the new strategy is meant to “increase consumer awareness and make it more likely vehicles are fixed.”

The recall is beginning two months after Fiat Chrysler agreed to pay about $800 million in fines and costs to settle lawsuits brought by states, car owners and the U.S. Justice Department, which said the company’s diesel-powered pickups and SUVs violated clean-air rules. Jeffrey Bossert Clark, assistant attorney general for the Justice Department’s Environment and Natural Resources Division, called the Italian-American company “a multinational corporate bad actor” when the penalties were announced in January.

The settlement didn’t require Fiat Chrysler to admit wrongdoing. The pact also didn’t resolve any potential criminal liability associated with the emissions violations, the Justice Department said at the time. Prosecutors have an ongoing criminal probe of Fiat Chrysler that was opened in 2017, Bloomberg has reported.

The case was the second major action brought by U.S. officials against an automaker for Clean Air Act violations stemming from the discovery that diesel vehicles were rigged to pass emissions tests in labs, even though they spewed nitrogen oxide in excess of permitted levels while on the road.

In January 2017, Volkswagen AG pleaded guilty to criminal charges and agreed to pay some $4.3 billion in U.S. penalties after admitting it deliberately rigged hundreds of thousands of U.S. diesel vehicles.

(Adds additional details and EPA comment starting in 11th paragraph.)

–With assistance from Jennifer A. Dlouhy.

To contact the reporters on this story: Ryan Beene in Washington at rbeene@bloomberg.net;Gabrielle Coppola in New York at gcoppola@bloomberg.net

To contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Jon Morgan at jmorgan97@bloomberg.net, Chester Dawson

More notable recent Rosetta Stone Inc. (NYSE:RST) news were published by: Globenewswire.com which released: “Lexia Learning Releases iPad App for Lexia PowerUp Literacy – GlobeNewswire” on February 13, 2019, also Schaeffersresearch.com with their article: “Major Indexes Eye Fourth Straight Daily Loss – Schaeffers Research” published on March 07, 2019, Benzinga.com published: “64 Biggest Movers From Yesterday – Benzinga” on March 08, 2019. More interesting news about Rosetta Stone Inc. (NYSE:RST) were released by: Globenewswire.com and their article: “Rosetta Stone to Report Fourth Quarter and Full Year 2018 Results on March 6, 2019 – GlobeNewswire” published on February 20, 2019 as well as Globenewswire.com‘s news article titled: “Lexia Learning Partners with MetaMetrics to Offer Lexile Measures from Lexia RAPID Assessment – GlobeNewswire” with publication date: February 20, 2019.

Rosetta Stone Inc., together with its subsidiaries, provides technology learning products in the United States and internationally. The company has market cap of $549.42 million. It operates through three divisions: Literacy, E&E Language, and Consumer Language. It currently has negative earnings. The firm develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.

Analysts await General Motors Company (NYSE:GM) to report earnings on April, 25. They expect $1.12 EPS, down 21.68% or $0.31 from last year’s $1.43 per share. GM’s profit will be $1.58B for 8.61 P/E if the $1.12 EPS becomes a reality. After $1.43 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts -21.68% negative EPS growth.

Investors sentiment decreased to 0.74 in Q4 2018. Its down 0.20, from 0.94 in 2018Q3. It turned negative, as 80 investors sold GM shares while 320 reduced holdings. 92 funds opened positions while 205 raised stakes. 1.06 billion shares or 5.28% more from 1.01 billion shares in 2018Q3 were reported. Credit Agricole S A stated it has 400 shares. Ibm Retirement Fund owns 22,983 shares. Acr Alpine Research Ltd stated it has 3.03M shares or 5.18% of all its holdings. Wellington Shields Cap Mngmt Lc holds 103,091 shares. Dsc Advsrs Ltd Partnership has invested 1.14% of its portfolio in General Motors Company (NYSE:GM). California State Teachers Retirement System has invested 0.17% in General Motors Company (NYSE:GM). Evermay Wealth Mgmt Limited Liability Com invested in 0.24% or 22,436 shares. Cap Advsrs Ltd Ltd has invested 0% in General Motors Company (NYSE:GM). Cibc Markets Corporation holds 0.06% of its portfolio in General Motors Company (NYSE:GM) for 183,260 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest owns 92,200 shares. Hudson Bay Capital Mngmt Ltd Partnership owns 208,687 shares for 0.09% of their portfolio. American Registered Advisor Inc has 0.16% invested in General Motors Company (NYSE:GM) for 7,715 shares. Wolverine Asset Management Ltd Liability Corp owns 0.1% invested in General Motors Company (NYSE:GM) for 242,775 shares. Ls Inv Advsrs Limited Liability has 54,805 shares for 0.13% of their portfolio. Manufacturers Life The invested in 1.36M shares or 0.06% of the stock.

More notable recent General Motors Company (NYSE:GM) news were published by: Forbes.com which released: “How Can Chinese Economy Slowdown And Trade Wars Affect General Motors’ Valuation? – Forbes” on March 11, 2019, also Seekingalpha.com with their article: “GM shuffles execs around – Seeking Alpha” published on February 28, 2019, Investorplace.com published: “Is Micron Stock Poised To Make New Lows On Changes To DRAM Chip Outlook? – Investorplace.com” on March 12, 2019. More interesting news about General Motors Company (NYSE:GM) were released by: Investorplace.com and their article: “Is All of Tesla Stockâ€™s Musk Magic Gone? – Investorplace.com” published on March 11, 2019 as well as Benzinga.com‘s news article titled: “Allison Transmission Holdings, Inc. (NYSE:ALSN), General Motors Company (NYSE:GM) – Mitsubishi Fuso Brings Gas Power To The Class 5 Cabover Market – Benzinga” with publication date: March 07, 2019.

Alteryx, Inc. (NYSE:AYX), ended its previous trading session at $75.17 showing a gain of 3.17 or 4.4 percent with respect to the price of $72 when …

Alteryx, Inc. (NYSE:AYX)

Alteryx, Inc. (NYSE:AYX), ended its previous trading session at $75.17 showing a gain of 3.17 or 4.4 percent with respect to the price of $72 when stock market opened. The company traded 1.1 Million shares over the course of the trading day. Giving the average volume of 1.08 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 61.6 Million.

Alteryx, Inc. (NYSE:AYX) is currently trading lower than its price target which is set to $85.1 by the analyst. The stock is -6% Below its 1-Year High which is $79.97. AYX has a difference of 146.86% from its 1 year low which stands at $30.45. The company is currently rated by analyst who are keeping a close eye on the stock as 2. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Alteryx, Inc. (NYSE:AYX) Performance Snapshot

The stock performed exceptionally bad in the previous week which depicts an decrease of 10.12 percent in the shares price. The company added about 11.07% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is 99.39 Percent. AYX currently shows 26.4% as its year to date performance.

Alteryx, Inc. (NYSE:AYX) Price Insight

The stock needs to grow about $9.92999999999999 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 4.48%, 9.09% and 38.38 percent respectively. The stock trades about 14.84 percent of its Float giving its total shares Outstanding are 61.6 Million. AYX gained about 26.93 percent in 6 months showing its Average True Range of 3.85. The company currently has a RSI and Beta of 57.99 and 0.

While talking about Alteryx, Inc. (NYSE:AYX) valuation ratios, the stock trades with a P/S and P/B of 18.26 and 15.31 which is significantly better and attractive as compared to its peers.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

Fiat Chrysler Automobiles N.V. (NYSE:FCAU), closed the last trading session at $14.4 with increase of $0.0199999999999996 or 0.14 percent against the opening price of $14.38. The trading day volume of the company stands at 3.24 Million shares while the average trading volume of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) is 4.86 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 1.55 Billion.

The price target of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) is currently set at 22.85 by the analysts. The stock is $-41.01 Below its 1-Year High which is $24.41. FCAU hit its 1-Year low price of $14.01. The company is currently rated by analyst who are keeping a close eye on the stock as 0. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Performance Indicators of Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

The value of the stock decreased by -0.62% during the previous week performance. Looking at the 1 month performance of Fiat Chrysler Automobiles N.V. (NYSE:FCAU), the stock dipped -5.45%. While the 1 year performance shows a negative percentage of -32.39 and year to date performance stands at -0.41%.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Analytical Review

The stock needs to grow about $8.45 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are -2.42%, -7.19% and -15.99 percent respectively. The stock trades about 1.2 percent of its Float giving its total shares Outstanding are 1.55 Billion. FCAU gained about -14.18 percent in 6 months showing its Average True Range of 0.4. The company currently has a RSI and Beta of 39.09 and 0.

While talking about Fiat Chrysler Automobiles N.V. (NYSE:FCAU) valuation ratios, the stock trades with a P/S and P/B of 0 and 0.84 which is significantly better and attractive as compared to its peers.

Part of the Company’s Financial Fitness initiative to help employees build and maintain a secure financial future for themselves and their families

Plan Sponsor magazine has selected the FCA US LLC Salaried Employee Savings 401(k) Plan as a winner of its annual “Best-in-Class” Award.

FCA US was among 36 companies to achieve this prestigious benchmark. The magazine considered applications from nearly 4,000 companies in making its selections.

FCA US is the only automaker on the list of selected programs.

“FCA US is committed to helping our employees improve their financial fitness,” said Maria Darbonne, Manager, Savings Plans, FCA US LLC. “Our 401(k) plan is the centerpiece of a robust Financial Fitness initiative that includes student loan refinancing and other programs and information resources to help our employees build and maintain a secure financial future for themselves and their families.”

Plan Sponsor magazine made its selections through a proprietary system that weighted usage/implementation of more than 30 criteria related to plan design, oversight, governance and participant outcomes.

Features of the FCA US 401(k) plan include:

Immediate eligibility for all employees including automatic enrollment and automatic escalation features

A company matching contribution equal to $.50 of every dollar contributed up to 10% of deferred pre-tax base pay or a Roth, with immediate 100% vesting

A self-directed brokerage window and a managed account feature – both at no cost to the employee.

FCA US continued its tradition as a leader in providing attractive, innovative benefits to employees in January when it added a student loan refinancing program to its package of benefits offered to salaried employees. The program is being offered in partnership with CommonBond for Business, the student loan benefits product from financial technology company CommonBond.

FCA US salaried employees with student debt, as well as employees with federal government-backed Parent PLUS loans, are eligible to refinance these loans through the program with preferred terms.

The Company’s 401(k) plan and student loan refinance program are part of its Financial Fitness initiative that provides programs and information resources to help employees take control of their financial wellness.

About FCA US LLC

FCA US LLC is a North American automaker based in Auburn Hills, Michigan. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep®, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation. The Company also distributes Mopar and Alfa Romeo parts and accessories. FCA US is building upon the historic foundations of Chrysler Corp., established in 1925 by industry visionary Walter P. Chrysler and Fabbrica Italiana Automobili Torino (F.I.A.T.), founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli. FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. (NYSE: FCAU/ MTA: FCA).

FCA is an international automotive group listed on the New York Stock Exchange under the symbol “FCAU” and on the Mercato Telematico Azionario under the symbol “FCA.”

Baupost Group Llc decreased its holdings by 46.62% in Amc Entmt Hldgs Inc (AMC), according to 2018Q4 SEC filling. The company’s stock popped up 11.99% while Baupost Group Llc sold 1.27M shares. At the end of 2018Q4, the 1.46 million shares of the consumer services company held by the hedge fund were priced at $17.90M, down from 2.73 million at the end of the previous reported quarter. Amc Entmt Hldgs Inc has $1.52 billion market cap. The stock decreased 0.48% or $0.07 during the last trading session, hitting $14.65.AMC Entertainment Holdings, Inc. has volume of 1.30M shares. Since March 11, 2018 AMC has risen 13.31% and is uptrending. AMC outperformed by 8.94% the S&P 500.

Baupost Group Llc manages about $29.88 billion and $11.52 billion US Long portfolio. Its stake in Shire Plc (NASDAQ:SHPG) was increased by 361,541 shares to 460,473 shares valued at $80.14 million in 2018Q4, according to the filing. For a total of 29.74M shares it increased its holding in Liberty Global Plc (NASDAQ:LBTYK) by 18.97 million shares in the quarter, and has risen its stake in Translate Bio Inc.

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s quarterly earnings will be revealed on May, 6., according to Zacks. This year’s earnings per share analyst estimate is anticipated to be $-0.12. That is 185.71 % down compareed to $0.14 earnings per share for last year. Last quarter $0.05 earnings per share was reported. Analysts sees -340.00 % negative EPS growth this quarter.

For more AMC Entertainment Holdings, Inc. (NYSE:AMC) news released briefly go to: Investorplace.com, Seekingalpha.com, Benzinga.com, Streetinsider.com or Seekingalpha.com. The titles are as follows: “AT&T Stock is Cheap â€” But For Several Very Good Reasons – Investorplace.com” released on March 04, 2019, “BAML still cautious on AMC Entertainment – Seeking Alpha” on November 12, 2018, “Earnings Scheduled For February 28, 2019 – Benzinga” with a publish date: February 28, 2019, “Pre-Open Stock Movers 03/01: (PBYI) (GPS) (ZS) Higher; (IMGN) (NTNX) (TSLA) Lower (more…) – StreetInsider.com” and the last “Silver Lake on the scene at AMC Entertainment – Seeking Alpha” with publication date: September 14, 2018.

AMC Entertainment Holdings, Inc. (NYSE:AMC) Ratings Coverage

A total of 6 analysts rate AMC Entertainment Hldgs (NYSE:AMC) as follows: 3 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 50% are bullish. (NYSE:AMC) has 8 ratings reports on Mar 11, 2019 according to StockzIntelligence. On Friday, September 14 the stock of AMC Entertainment Holdings, Inc. (NYSE:AMC) has “Neutral” rating given by M Partners. On Friday, March 1 the firm earned “Buy” rating by Imperial Capital. On Friday, March 1 FBR Capital maintained the shares of AMC in report with “Hold” rating. On Friday, March 1 the stock of AMC Entertainment Holdings, Inc. (NYSE:AMC) earned “Buy” rating by Barrington. In Friday, February 22 report Wedbush upgraded the stock to “Buy” rating. On Friday, March 1 the firm earned “Hold” rating by M Partners. On Tuesday, January 22 FBR Capital downgraded the shares of AMC in report to “Neutral” rating.